Dynamic Management requires Leadership – Vision

Your management team can take your business to heights that you never even dreamed of or it can sink it faster than a rock. Some management teams just keep the ship afloat but it doesn’t ever seem to go anywhere? Has your business really changed in the last 5 years or is it just drifting without any real purpose or strategy except to stay in business?

Right now your business should be booming better than it has in the last 10 years, but so is everyone else. There are no bragging rights in this economy unless you are doing something truly remarkable. How did Ronald Reagan put it, “A rising tide, raises all boats”?

Do you think your business has the potential to achieve more than just the average of your past sales and profits? Dynamic management requires leadership practices as well and to be a leader you need vision. You have to be able to see the potential of what can take place.

It takes courage to be a leader and it takes special skills as well. These skills take time to develop and involve the motivating, influencing and encouraging of others. It is more than sharing a vision you must be able to get others to see and really want to reach their potential.

In order for your business to change you need to improve employee engagement and empowerment. Happy employees are more apt to make sure your customers can get the value and satisfaction they need from your product or service. Employee engagement will be vital to your future.

In order for your business to rise above the crowd, you need dynamic management, which includes excellent leadership skills and engaged employees. You want more than a smooth running ship you want a ship that employees can get excited about where their ship is going.

You don’t develop dynamic management and leadership by taking a class. But there are a number of things that you can do to move in that direction. Learn more about who you and your management team are and the various aspects of their behavior and what motivates them. Then you can learn to develop the skills you want to lead better.

We are always willing to have a conversation with you about how to impact the lives of others while also sharing with you how someone can impact your life. For your success, you need to develop leadership skills, “Because All Business IS Personal!”

Stan Broesder is a Business Consultant and Management Coach with Crossroads Consultants. They specialize in business performance and management development. If you would like to have a conversation about your situation contact Stan by email at Stan@MyCrossroadsConsultants.com. Or call but leave a message 980-241-0189.

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Do You Have Enough Diamonds in the Rough?

Will you find yourself at a disadvantage in your industry? Will your competitors be more agile and respond quicker to the changes in the market place giving them a competitive edge?

According to some “experts” as this economy turns around there will be many management and executive baby boomers who will exit the full time job market because their retirement portfolios will have recovered and they can afford to leave. That could cause a management and leadership vacuum in business. While this may seem contrary to the employment numbers that we are used to hearing about, the issue is skilled and experienced managers and executives.

According to David Delong in a HBR blog, only 20% believe that this will not be a problem.  What if the demand is such that your senior managers are hired for executive positions in your competition’s C-suite, or even other companies. If you have good people and I am sure you do, they are valuable to others as well.

Another thought is that it doesn’t really matter what the economy is doing in this regards. General Electric has produced more C-suite executives including presidents and CEO’s than any other company in the country. Why, because they are constantly developing leaders and those leaders are valuable. The alternative is to have a workforce and management team that is so, “not-so” valuable, that no one wants them. When there is upward mobility available within a company, those with the most potential will be interested in getting on board.

This issue works for small businesses as well. If you are even thinking of retiring in the next 15 years from your business, you need someone with the right skills to run it or your legacy and retirement may be in jeopardy. And in the mean-time having quality management enables you to be a business owner of a company instead of a business owner with a job. So what does a company do to reduce this risk of a leadership shortage regardless of how serious it might be?

One solution to this problem is giving current managers whatever they are looking for in a future career path. If it is more responsibility or money, you can try to accommodate them. But there is only one person in each seat in the C-suite and sometimes they are not willing to wait for someone else to retire.

Even if you have to create a culture that enables entry level executives or senior management to move on, there is value for your business in doing so. With proper planning you can minimize your competition from getting your well groomed talent and you get a reputation for a place that provides opportunities for valuable management candidates (within and outside your company).

The second solution revolves around a common issue in business. Develop the leadership and management skills in your employees so that there is always a source of high quality prospective management talent. A lot of companies resist this type of investment because they are afraid that the employee will leave. There are many aspects to this idea of investing in your employees for management. Hiring right to begin with is important. Make sure you look at knowledge and experience that you get, in exchange for training the skill set.

One example of how to accomplish this is to develop an excellent mentoring program. While the prospective management employee is being groomed through mentoring, have them mentoring others to move up into supervisor type positions. A good mentoring program benefits the whole organization, not just the management team.

If for some reason you are not where you want to be and wish your company had more opportunities, there are still things you can do to boost your potential. Take it upon yourself to learn about management skill sets and practice them wherever you are. You might not have the organizational formal authority, but that doesn’t mean you can’t develop an informal leadership influence within the company.

Start thinking about how you can reduce the risk of having a shortage of quality management talent within your company. We have all seen what the lack of good management and leadership skills can do to a company and other organizations. Start looking for and polish those diamonds in the rough.